Dow stocks hitting 52-week highs include Chevron (CVX) and Travelers (TRV). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open down -34 points.

Monday the Dow closed down -162.79 (-0.45%) at 36,068.87.

Year-to-date the Dow is down -0.74%.

There were 13 Dow stocks up Monday.

The Dow stock winners Monday were led by Intel (INTC) 55.21 (+3.31%), Merck (MRK) 82.37 (+2.58%) and UnitedHealth (UNH) 465.00 (+1.40%).

The Dow stock losers Monday were led by Nike (NKE) 150.44 (-4.16%), Boeing (BA) 209.31 (-2.87%) and Visa (V) 211.97 (-2.30%).

The 10-year Treasury yield soared this year, briefly topping 1.8% on Monday morning before backing off those levels. The benchmark yield was lower early Tuesday at almost 1.76%.

Federal Reserve Chairman Jerome Powell goes before a Senate committee Tuesday for his confirmation hearing for a second four-year term. In late November, President Joe Biden renominated Powell, who was elevated in 2018 to lead the Fed by former President Donald Trump. It was Trump’s Democratic predecessor, former President Barack Obama, who initially appointed Powell to a 14-year term as governor in 2014.

The U.S. is averaging about 754,000 new Covid cases per day over the past week, according to data compiled by Johns Hopkins University, an over 50% increase from the previous week as the omicron variant continues to rage across the nation. That number includes a report of a record of nearly 1.5 million new Covid cases Monday, some of which occurred over the weekend when many states halt data reporting. The country is reporting an average of about 1,650 daily deaths, which has also been on the rise but roughly half of the peak levels seen at this time last year, before vaccines were widely available.

U.S. futures are mostly lower, European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is down three-tenths of a cent at $3.301 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 12/20/2021 after the market close with $0.83, beating estimates of $0.626 per share.

Walgreens (WBA) reported earnings on 1/6/2021 before the market open with $1.68, beating estimates of $1.354 per share.

JPMorgan (JPM) reports earnings on 1/14/2022 before the market open.

Goldman Sachs (GS) reports earnings on 1/18/2022 before the market open.

Procter & Gamble (PG) reports earnings on 1/19/2022 before the market open.

UnitedHealth (UNH) reports earnings on 1/19/2022 before the market open.

Travelers (TRV) reports earnings on 1/20/2022 before the market open.

Honeywell (HON) reports earnings on 1/21/2022 before the market open.

IBM (IBM) reports earnings on 1/24/2022 after the market close.

Today’s Featured Dow Stock

Intel (INTC)

Intel (INTC) 55.21 (+3.31%) is up +7.20% in 2022.

Financial Calendar

06:00 AM ET NFIB Small Business Optimism (Dec)
07:00 AM ET MBA 30-Year Mortgage Rate
07:00 AM ET MBA Mortgage Applications (WoW)
07:00 AM ET MBA Purchase Index
07:00 AM ET Mortgage Market Index
07:00 AM ET Mortgage Refinance Index
08:55 AM ET Redbook (YoY)
09:00 AM ET FOMC Member Mester Speaks
09:30 AM ET FOMC Member George Speaks
10:00 AM ET Fed Chair Powell Testifies
12:00 PM ET EIA Short-Term Energy Outlook
13:00 PM ET 3-Year Note Auction